The BTC market has recently been fluctuating between 60,000 and 70,000, digesting the sharp decline from 126,000 to 60,000.
On a larger scale, the trend remains bearish. The longer Bitcoin stays suppressed, the weaker the rebound will be. Breaking out of the consolidation range means a headshot and a sharp decline. In a bear market cycle, each rebound's high will be significantly lower than the previous one. In the short term, it's very difficult for the market to reverse completely. If there's a short-term rebound to around 70,000, consider taking profits in stages.
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The BTC market has recently been fluctuating between 60,000 and 70,000, digesting the sharp decline from 126,000 to 60,000.
On a larger scale, the trend remains bearish.
The longer Bitcoin stays suppressed, the weaker the rebound will be.
Breaking out of the consolidation range means a headshot and a sharp decline.
In a bear market cycle, each rebound's high will be significantly lower than the previous one.
In the short term, it's very difficult for the market to reverse completely.
If there's a short-term rebound to around 70,000, consider taking profits in stages.